Global Air Insulated Switchgear Market – Size, Outlook, Trends and Forecast (2024

Global Air Insulated Switchgear Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Switchgear is the combination of electrical fuses and circuit breakers that are used to control and isolate electrical equipment. Switchgear is directly linked to the reliability of the electricity supply and used to de-energise equipment to permit work to be done and to clear errors in downstream. Switchgear in substations is located on both the high and low-voltage sides of large power transformers.

Global Air Insulated Switchgear Market Size & Growth:

The global air insulated switchgear market is estimated to reach $9.64 Billion by 2025, at a CAGR of 4.68% from $7.33 Billion during 2019-2025. The prominent factors leading the air insulated switchgear market growth are increasing energy demand and reduce the hydrocarbon consumption in power sector, requirement for T&D network for renewable power generation, and cumulative investment in electrical networks. Additionally, the increase in infrastructural spending, favourable government initiatives/targets toward renewable energy integration, an increase in the production of air insulated switchgears are also boosting the market growth.

Despite these drivers, the availability of alternatives such as GIS, increased competition from the unorganized sector and large space requirement are major restraints impeding the growth of the air insulated switchgear market. Emerging economies and focus on renewable power generation are creating major opportunities for the air insulated switchgear market during the forecast period 2019-2025.

Global Air Insulated Switchgear Market Segments Share:

The global air insulated switch gear market is segmented based on the installation, current, voltage, application. By installation, the market is classified into indoor and outdoor. The indoor segment holds the largest market share is owing to the rise in expenditure on electrical network and

Global Air Insulated Switchgear Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

increasing focus on renewable generation. The outdoor segment is estimated to register highest CAGR during the forecast period. The segment growth is mainly due to rising investments in rural electrification and expansion of microgrid networks.

By voltage, the market is classified into 3 kV–36 kV air insulated switchgear and >36 kV air insulated switchgear. The 3 kV–36 kV air insulated switchgear holds the largest market share, and the segment is attributed by the factors such as high usage for applications include power generation, infrastructure, transportation, manufacturing, and processing. The >36 kV air insulated switchgear segment is estimated to register the highest growth due to the requirement for T&D network for renewable power generation.

By application, the air insulated switchgear market is segregated into transmission & distribution, manufacturing & processing, infrastructure & transportation and others. Among these, transmission & distribution segment followed by infrastructure and transportation segment holds the largest market share is owing to the rise in demand for reliable delivery of electric power. The manufacturing and processing segment is estimated to register the highest growth in global air insulated switchgear market due to cumulative investment in electrical networks and increase in infrastructural spending.

By geography, the market is classified into North America, South America, Europe, Asia Pacific and Middle East & Africa. The Asia Pacific holds the largest market share during the forecast period. The prominent factors leading the market growth in Asia Pacific region are an increase in the production of air insulated switchgears. Europe is estimated to register highest CAGR in global air insulated switchgear market due to rapid

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Global Air Insulated Switchgear Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

expansion in industrialization and growing renewable energy production sector.

Global Air Insulated Switchgear Market Trends:

Schneider Electric has announced the launch of a new 72.5kV variant of its popular WI switchgear range, developed to optimise the design, safety, cost and reliability of 72.5kV electrical systems in offshore wind farms
Toshiba offers medium voltage switchgear up to 36KV which offers high efficient, reliability and environmentally friendly.

Global Air Insulated Switchgear Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and Global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The primary critical players in the Global Air Insulated Switchgear Market are:

General Electric Company
Wenzhou Rockwell Transformer Co., Ltd.
Matelec Group
Pars Tableau
Eaton Corporation, PLC.

Along with these companies, there were many other companies considered/ cited in the report while analysing the global Air Insulated Switchgear market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

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